SYSTEM C HEALTHCARE LIMITED
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Cash
£21m
+105% highest in 3 filed years
Net assets
-£66m
-103.5% lowest in 3 filed years
Employees
489
-4.9% vs 2025
Profit before tax
-£15m
+22% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £47,485,000 | £71,889,966 | £81,628,542 | +13.5% | |
| Operating profit | -£3,999,163 | -£8,232,881 | £329,116 | +104% | |
| Profit before tax | -£15,380,525 | -£19,090,693 | -£14,897,952 | +22% | |
| Net profit | -£15,269,628 | -£18,101,210 | -£17,584,995 | +2.9% | |
| Cash | £17,686,961 | £10,347,967 | £21,211,693 | +105% | |
| Total assets less current liabilities | £142,187,653 | £133,455,116 | £150,295,793 | +12.6% | |
| Net assets | -£15,257,124 | -£32,554,681 | -£66,250,287 | -103.5% | |
| Equity | -£15,257,124 | -£32,554,681 | -£66,250,287 | -103.5% | |
| Average employees | 384 | 514 | 489 | -4.9% | |
| Wages | £23,948,770 | £29,569,528 | £32,219,396 | +9% | |
| Directors' remuneration | £1,550,842 | £1,054,048 | £817,282 | -22.5% | |
| Directors' pension contributions | £55,628 | £55,628 | £55,628 | 0% | |
| Highest paid director | £984,582 | £657,282 | £508,956 | -22.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -8.4% | -11.5% | 0.4% | |
| Net margin | -32.2% | -25.2% | -21.5% | |
| Return on capital employed | -2.8% | -6.2% | 0.2% | |
| Gearing (liabilities / total assets) | 106.9% | 120.3% | 133.1% | |
| Current ratio | 1.01x | 1.90x | 2.06x | |
| Interest cover | -0.25x | -0.51x | 0.02x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 6 times since incorporation
- SYSTEM C HEALTHCARE LIMITED 2011-08-25 → present
- SYSTEM C HEALTHCARE PLC 2005-06-03 → 2011-08-25
- SYSTEM C HEALTHCARE LIMITED 2000-01-14 → 2005-06-03
- SYSTEM C LIMITED 1995-06-27 → 2000-01-14
- SYSTEM C HOLDINGS LIMITED 1990-03-29 → 1995-06-27
- SOLSTYS COMPUTER SYSTEMS LIMITED 1983-10-24 → 1990-03-29
- MYTHMINSTER LIMITED 1983-09-21 → 1983-10-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the directors have a reasonable expectation that the Company has adequate resources available to it, through its own cash position and the Group's treasury arrangements, to continue in operational existence for the going concern period to 31 March 2028. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- SYSTEM C HEALTHCARE LIMITED · parent
- Liquidlogic (Australia) Pty Limited 100%
- Liquidlogic Limited 100%
- Careflow Medicines Management Limited 100%
- Clevermed Limited 100%
- CIS Healthcare Limited 100%
- CIS Oncology Limited 100%
- System C Australia Pty Limited 100%
- myYardstick Holdings Pty Limited 100%
- aXesto Holdings Pty Limited 100%
- myYardstick Pty Limited 100%
- MYP Corporation Pty Limited 100%
- Be Software International Pty Limited 100%
- aXesto Pty Limited 100%
- Be Software International Limited 100%
- BE Software International Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARSTON, Jonathan James | Director | 2022-05-09 | Mar 1976 | British |
| WILSON, Nicholas Stephen | Director | 2022-05-09 | Nov 1971 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONNER, Jane Marie | Secretary | 2014-07-10 | 2022-08-31 |
| CONNER, Jane Marie | Secretary | 1992-03-23 | 2012-03-08 |
| NIELSEN, Paul Jackson | Secretary | 2012-03-08 | 2014-07-01 |
| PELHAM, Rodney Hart | Secretary | — | 1992-03-23 |
| BOLTON, Markus Simon | Director | 2014-07-10 | 2022-05-09 |
| BOLTON, Markus Simon | Director | — | 2012-02-22 |
| BRYAN, Thomas William | Director | 2021-07-14 | 2021-07-31 |
| CARTER, Patrick Robert, Lord | Director | 2011-05-06 | 2014-07-01 |
| CHAMBERS, Thomas William | Director | 2005-02-01 | 2011-05-06 |
| COLL, Andrew | Director | 2006-02-06 | 2009-12-31 |
| DENLEY, Ian Sean | Director | 2014-07-10 | 2022-05-09 |
| DENLEY, Ian Sean | Director | 2003-10-20 | 2012-02-22 |
| EMERY, Antony Steven | Director | 2001-09-27 | 2005-05-16 |
| FANG, Quinlan Don-Lee | Director | 2016-11-03 | 2021-02-10 |
| FORREST, John Richard | Director | 2005-02-01 | 2011-05-06 |
| GOPAL, Anji | Director | 2002-09-03 | 2004-07-19 |
| HAINES, JR., Douglas Marshall, Mr. | Director | 2014-07-01 | 2021-02-10 |
| HEDGES, James Killingworth | Director | — | 2001-09-24 |
| HOLLY, Judi Anne | Director | 1995-06-16 | 2001-09-13 |
| HORSBURGH, James | Director | 2000-03-06 | 2011-05-06 |
| LEWINGTON, Paul Alexander Stephen, Mr. | Director | 2014-07-01 | 2016-08-26 |
| MAYOR, Hedley John | Director | 2010-07-12 | 2011-05-06 |
| MCLAREN, Christopher Melville | Director | — | 2010-12-31 |
| MORGAN, Jeremy Alexander | Director | 2004-07-19 | 2005-06-02 |
| ROMANO, Judit | Director | 2012-02-23 | 2014-07-01 |
| SMITH, Antony Michael | Director | 2021-09-30 | 2022-05-09 |
| TEICHMAN, Thomas Alfred | Director | 1998-06-01 | 2002-05-30 |
| WELLS, Robin Fairfax | Director | 1997-04-01 | 2004-01-20 |
| WILLIAMS, Andrew | Director | — | 2001-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| H&Sc Technologies Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-01 | Active |
| System C Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-25 | Ceased 2024-05-01 |
Filing timeline
Last 20 of 352 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | AD04 | address | Move registers to registered office company with new address | |
| 2025-01-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-02 | AD02 | address | Change sail address company with old address new address | |
| 2025-01-02 | AD03 | address | Move registers to sail company with new address | |
| 2024-11-28 | AA | accounts | Accounts with accounts type full | |
| 2024-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-03 | AA | accounts | Accounts with accounts type full | |
| 2022-08-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-05-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.